Wednesday, 24 December 2025, 9:03 pm

    Tag: Meralco

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    SP New Energy appoints seasoned audit chief

    SP New Energy Corp., the renewable energy subsidiary of MGen Renewable Energy Inc., has named Anthony Vergel Velasco as its new chief audit executive, strengthening its governance framework as it scales up its clean energy portfolio.

    Meralco sales slowing in 2025 amid changing weather patterns

    The Manila Electric Co. (Meralco) has revised its power sales forecast this year to only 4.6 percent, signaling a weaker performance versus the previous year. The revised projection comes following an exceptional spike in demand due to the effects of El Niño in 2024, which is unlikely to repeat this year.

    ERC grants Meralco provisional authority for P19.95-B refund scheme

    The Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) provisional authority to implement a refund scheme amounting to P19.95 billion, covering an over-recovery of rates from 1 July 2022, to 31 December 2024. The scheme will be executed over 36 months, with refunds starting in the next billing cycle.

    Meralco subsidiary launches 52.8 MW solar project in Isabela

    Meralco PowerGen Corp. renewable energy arm, MGEN Renewable Energy Inc. (MGreen), has successfully launched a 52.8-megawatt (MW) MGreen Cordon Solar power plant in Cordon, Isabela. This marks MGreen as one of the largest operational solar plants in the Cagayan Valley region under the Department of Energy's (DOE) second Green Energy Auction program.

    Meralco renews 300 MW EPSA with Aboitiz

    The Manila Electric Co. (Meralco) has renewed its emergency power supply agreement (EPSA) with Aboitiz Power’s GNPower Dinginin Ltd. for the supply of 300...

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    Binalot eyes overseas comeback, provincial expansion

    Binalot Foods Corp., the fast-casual brand famed for meals wrapped in banana leaves, is sharpening its growth playbook as it deepens its Philippine footprint and eyes a return to overseas markets.

    BOI approvals surge toward P1T on green push

    The Board of Investments (BOI) has approved P977 billion worth of investment projects year to date, signaling robust investor confidence and reinforcing the Philippines’ push to become a regional hub for smart and sustainable investments.

    LFM buys Makati land for P1.1 billion

    LFM Properties Corp. said it has bought a 918-square meter parcel of land in Salcedo Village, Makati, for P1.1 billion, excluding value-added tax.

    DOTr orders more ships for Lucena–Romblon route amid holiday rush

    The Department of Transportation (DOTr) has ordered the Maritime Industry Authority (MARINA) to speed up the deployment of additional passenger ships at Lucena ports to uuuaddress the growing number of travelers heading to Romblon for Christmas.

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